Why are people panicking so hard?
*Tether's valuation isn't nearly enough to cause a major disturbance in Bitcoin price - rather it's the FUD generated from it that self-fulfills it.
*The price is still above the bottom a week or two ago, and still well above the support level of 8k-9k.
*The price is still up way higher than almost anyone thought it would be just a few months ago... and one of the few people who predicted the high price also predicted these lows, and then predicted moon afterwards.
This person also predicted the 2 year bear at 2013.
The fake news and FUD generated by the media is made to make people fear Bitcoin. The Tether situation is a total non-issue - it's in fact exactly how the US banking system works, except not quite that corrupt.
In the worst case, the US dollar will probably implode faster than Bitcoin does... and so the price will go up!
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 14834. (Read 26709945 times)
February 01, 2018, 07:08:42 AM
February 01, 2018, 07:00:12 AM
Guvpaper yields spiking again.
February 01, 2018, 06:56:54 AM
What if this the actually the end of a 9-year 3-bubble elliot wave and now a super bear market is coming? First it would go down $3K as usual (wave A), then it would start rallying again and LOOK like this was the next big bubble (wave B), but around 8K it would fizzle out and proceed into wave C which could go back into low-mid triple digits
February 01, 2018, 06:55:42 AM
This prediction is extremely unlikely in my opinion...institutional money will hop in way before that...Too many people are directly incentivized to prevent BTC from falling to 2.5k.
Everybody was saying all that and more in 2014 after the rise to $1200.
$800 - "this is the bottom, Overstock adoption"
$600 - "this is the bottom, new Chinese exchanges coming online"
$400 - "this is the bottom, New Egg, Bitcoin Trust, institutional investment on the way"
$200 - "this is the bottom.....eh"
$180 - "this is the bottom" (And it was).
Bitcoin always makes sure people take pain well beyond their expectations to bake in any new floor. Usually by going all the way to the last long term high and a bit below it. (April 2013 was $266. That had to get retested after the $1200. It did, with an $80 overshoot just for good measure).
Don't be surprised to see at least a wick down to $800.
this is quite scary!!
I really hope the price will not get any lower
February 01, 2018, 06:55:35 AM
Why would "institutional money" go back into bitcoin? For what? They now know the max capacity of dumb retail money that's bought, and it's time for them to get out.
Because they expect it to outperform other assets?
Because some will be aware of the huge impact that the next block reward halving will have on the BTC price (the months before the halving will be a crazy bull market if you ask me)
Because they are down with stock investments and try to turn around the year by gambling on BTC?
Because there are specialized hedge funds that invest exclusively in cryptocurrencies? Do you think they will invest all client funds in Ripple? Of course they are going to allocate money to BTC.
Because the stock market could run out of steam when the central banks of the world stop expanding the money supply?
Let me know if you need more reasons why institutional money would go back into Bitcoin.
I was just getting started.
...
Hope you are right, but an awful lot of people told me in 2/14 that we would never see $200 bitcoins again.
Hope you are right, but an awful lot of people told me in 2/14 that we would never see $200 bitcoins again.
I could be wrong, but as I said I will commit all my remaining fiat money if I get
the ability to buy BTC in the 2800-2900 $ / BTC range.
February 01, 2018, 06:53:31 AM
This prediction is extremely unlikely in my opinion...institutional money will hop in way before that...Too many people are directly incentivized to prevent BTC from falling to 2.5k.
Everybody was saying all that and more in 2014 after the rise to $1200.
$800 - "this is the bottom, Overstock adoption"
$600 - "this is the bottom, new Chinese exchanges coming online"
$400 - "this is the bottom, New Egg, Bitcoin Trust, institutional investment on the way"
$200 - "this is the bottom.....eh"
$180 - "this is the bottom" (And it was).
Bitcoin always makes sure people take pain well beyond their expectations to bake in any new floor. Usually by going all the way to the last long term high and a bit below it. (April 2013 was $266. That had to get retested after the $1200. It did, with an $80 overshoot just for good measure).
Don't be surprised to see at least a wick down to $800.
February 01, 2018, 06:49:21 AM
...before going back into bear mode and closing the year around $2.5k...
This prediction is extremely unlikely in my opinion. Many long-term holders, who took
profits during November/December are going to buy back way before that number. Besides,
institutional money will hop in way before that. 2.5k / BTC would be below the break-even
point for most miners...
Too many people are directly incentivized to prevent BTC from falling to 2.5k.
I go out on a limb here and will say that we will never see 2.5k again.
I will be buying BTC with all my remaining fiat money way before 2.5k myself.
February 01, 2018, 06:47:51 AM
Why would "institutional money" go back into bitcoin? For what? They now know the max capacity of dumb retail money that's bought, and the market has been sidestepped with fake futures coins. Now it's time for them to get out.
February 01, 2018, 06:47:40 AM
Speaking about Merit, I send all mine away, and now what ? I am sMerit-broke ?
How do I get more sMerits to give away ?
How do I get more sMerits to give away ?
You were lied to, should have hoarded.
February 01, 2018, 06:45:56 AM
...before going back into bear mode and closing the year around $2.5k...
This prediction is extremely unlikely in my opinion. Many long-term holders, who took
profits during November/December are going to buy back way before that number. Besides,
institutional money will hop in way before that. 2.5k / BTC would be below the break-even
point for most miners...
Too many people are directly incentivized to prevent BTC from falling to 2.5k.
I go out on a limb here and will say that we will never see 2.5k again.
I will be buying BTC with all my remaining fiat money way before 2.5k myself.
February 01, 2018, 06:45:14 AM
Litecoin on facebook
If any coin is ever going on "Facebook", it's more likely to be Dash than anything else if only because it's the one crypto supporting a trade-clearing protocol and realtime node consensus rather than just mine-time consensus. Embedded web scripts can therefore taok to the blockchain directly (as opposed ot a single machine serving up its version of the blockchain like Litecoin does).
February 01, 2018, 06:39:02 AM
So if we rhyme with 2014 we go to $7k in next two weeks, have a quick rally to 11.5-12k before going back into bear mode and closing the year around $2.5k, from there recovery can begin with potential for New ATH in late 2020. Same multiple increase from 1/15 low to 12/17 high. Would give us a circa $320k high in 12/21 (EDIT). See you all in three years.
February 01, 2018, 06:31:48 AM
Litecoin on facebook
February 01, 2018, 06:29:48 AM
2000 BTC wall @9500
Moving Wall Tracker: 2000BTC @ $9300
February 01, 2018, 06:23:32 AM
So... calm down... dont panic ! Just another FUD.
Midia war against Cryptomarket
Be smart.
The prices will back. Dont sell. Dont lost money
Midia war against Cryptomarket
Be smart.
The prices will back. Dont sell. Dont lost money
February 01, 2018, 06:22:03 AM
Speaking about Merit, I send all mine away, and now what ? I am sMerit-broke ?
How do I get more sMerits to give away ?
Not even one of you credited one back to me by the way.
How deceptive this is.
How do I get more sMerits to give away ?
Not even one of you credited one back to me by the way.
How deceptive this is.
February 01, 2018, 06:21:06 AM
BTC won't be banned by South Korea and India
lightning network
I really do not understand why we are not growing
lightning network
I really do not understand why we are not growing
no fuel ... now.
waiting more, only time is needed.
February 01, 2018, 06:19:59 AM
I reckon there's probably $50 to $100 million in real fiat deposits backing Tether's $2.5 billion in worthless blockchain tokens that were used to blow the 2017 bitcoin bubble.
We're headed back to $1k folks.
Hey, do you realize you are constantly changing your "prediction"?
https://bitcointalksearch.org/topic/m.29279653
My bullish prediction was based on it being a real market.
If last year's gains were not a real market (i.e. it was a rerun of the Gox situation where fake liquidity is created to pump the price) then all bets are off. That's what it's increasingly looking like. When a single entity is able to cook up billions of tokens from nothing, call them "$USD" and buy up order books all over the globe without - even exchanges - questioning it then clearly the whole valuation's a fake.
February 01, 2018, 06:14:30 AM
I reckon there's probably $50 to $100 million in real fiat deposits backing Tether's $2.5 billion in worthless blockchain tokens that were used to blow the 2017 bitcoin bubble.
We're headed back to $1k folks.
Hey, do you realize you are constantly changing your "prediction"?
https://bitcointalksearch.org/topic/m.29279653
Yeah but look at all that Merit.... Watch how few Merit are given to them for the last post.
February 01, 2018, 06:08:29 AM
I reckon there's probably $50 to $100 million in real fiat deposits backing Tether's $2.5 billion in worthless blockchain tokens that were used to blow the 2017 bitcoin bubble.
We're headed back to $1k folks.
Why do you think that? This is the rich list -
380,670,753 Feb 01 09:37 AM Huobi
1DUb2YYbQA1jjaNYzVXLZ7ZioEhLXtbUru 329,339,572 Feb 01 09:37 AM Bittrex
1Co1dhYDeF76DQyEyj4B5JdXF9J7TtfWWE 270,000,000 Dec 21 '17, 06:14 AM Poloniex
1FoWyxwPXuj4C6abqwhjDWdz6D4PZgYRjA 249,963,861 Feb 01 09:37 AM Binance
1GjgKbj69hDB7YPQF9KwPEy274jLzBKVLh 200,000,000 Jan 31 06:55 PM
1KYiKJEfdJtap9QX2v9BXJMpz2SfU4pgZw 148,821,592 Feb 01 09:37 AM Bitfinex
12uhUkxpwkD2LGzKHUywoknoJ3fC9vev1x 82,862,390 Jan 26 09:03 AM Binance
1ApkXfxWgJ5CBHzrogVSKz23umMZ32wvNA 55,715,971 Feb 01 09:37 AM OKEx
These exchanges presumably had to buy the tether with real $$ in order to list tether on their exchanges in the first place. Whether the money tether received is still tucked away or not is anyone's guess but unless tether gave all these exchanges free tether, your $50 - $100 million doesn't make sense.
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